To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of (a) the recent cancellation of nuclear projects by Hitachi and Toshiba and (b) existing nuclear power stations nearing the end of their lives on the UK's electricity generating capacity and demand in the next ten years; and if he will use that assessment to inform future methods of financing nuclear power stations.
This Government is committed to delivering secure electricity supplies to consumers at the lowest possible cost. Wylfa and Moorside were not due to become operational until the late 2020s and there are a range of options for generating this capacity over that time-frame. National Grid has stated that there is no issue with the future security of supply. We are currently reviewing the viability of the Regulated Asset Base model, which will draw on a wide range of evidence.